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show steps carry decimals to 4 places The Shoe Box will not pay a dividend for the next two years. A the end of years
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The Shoe Box will not pay a dividend for the next two years. A the end of years three and four, it will pay annual dividends of $1.21 per share. Starting in year 5, the dividends will increase by 3.62 percent annually. The discount rate is 7.50 percent. What is the value of this stock today? Answer to two decimals carry decimals to 4 places
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